Posted on

Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout?

Cardano (ADA) is currently consolidating near a critical support zone that could shape the direction of its price action in the coming weeks. After a sharp 15% drop since Wednesday, ADA is showing signs of weakness as broader market sentiment sours amid rising geopolitical tensions. The conflict between Israel and Iran has injected significant volatility and uncertainty into global markets, spilling over into the crypto space.

ADA’s recent losses reflect this risk-off environment, as investors become more cautious and liquidity thins. The failure to hold above key resistance earlier in the month has turned previous support levels into pressure points for bulls. If ADA fails to defend the current range, further downside into lower support zones could follow quickly.

According to on-chain data from Santiment, Cardano whales have offloaded more than 270 million ADA over the past week. This significant distribution adds to the selling pressure and suggests large holders may be anticipating more downside, or at the very least, reducing exposure amid macroeconomic instability.

Whale Activity And Macro Risks Weigh On Price

Cardano remains one of the most underperforming large-cap altcoins in 2025, currently trading 85% below its yearly highs and 107% off its peak from last year. Despite a few short-lived rallies, ADA has struggled to maintain momentum and attract sustained demand. The broader altcoin market has shown signs of weakness, with capital continuing to concentrate around Bitcoin and Ethereum, leaving ADA vulnerable at key support levels.

Analysts are calling for a decisive move as ADA consolidates at a critical price zone that could define the coming weeks of action. If bulls fail to step in, Cardano could see further downside toward historical support levels. The situation is further complicated by global tensions and rising macroeconomic uncertainty. Geopolitical instability—most notably the Israel-Iran conflict—has triggered risk-off sentiment across global markets, driving volatility in crypto.

Adding to the bearish pressure, top analyst Ali Martinez shared on-chain data showing that whales have sold over 270 million ADA in the past week alone. This large-scale distribution from deep-pocketed holders highlights a loss of confidence or, at minimum, a defensive repositioning amid the current uncertainty.

Cardano whales sold over 270 million ADA in a week | Source: Ali Martinez on X

For ADA to regain bullish momentum, it must defend current levels and break through resistance with strong volume support. A sustained recovery in broader altcoin sentiment could provide the tailwind ADA needs. However, with external macro risks looming and whale activity suggesting caution, investors should remain vigilant. Unless Cardano can show strength at these key levels, the road to recovery may be longer and more volatile than expected.

Cardano Struggles At Support Amid Broader Market Weakness

The daily chart for Cardano shows a concerning technical picture as the token trades at approximately $0.6368, nearing its critical support range. After briefly attempting to break above $0.75 in late May, ADA has since reversed course, printing a series of lower highs and failing to reclaim its key moving averages. Currently, it trades below the 50-day, 100-day, and 200-day simple moving averages, indicating a bearish structure across multiple timeframes.

ADA trading around key support levels | Source: ADAUSDT chart on TradingView

The $0.63–$0.64 level now stands as a crucial zone. A breakdown below this level could open the door to further downside, potentially revisiting March lows near $0.58 or even the psychological $0.50 level if broader market sentiment continues to deteriorate. The declining volume and failure to hold above key averages signal waning bullish momentum.

Adding to the weakness, recent whale activity has raised red flags. On-chain data from Santiment revealed that whales have sold over 270 million ADA in the past week, fueling speculation about a lack of confidence among large holders.

To regain strength, ADA must hold current support and break back above the 100-day SMA around $0.70. Until then, Cardano remains vulnerable to further declines as investors grow more risk-averse amid macro uncertainty.

Featured image from Dall-E, chart from TradingView

Posted on

Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano (ADA) is entering a decisive moment as bulls fight to hold the $0.74 support zone and build momentum for a move toward the $0.90 level. After gaining over 68% since its April lows, ADA is showing strong signs of recovery, but it must defend current levels to confirm continuation. This phase is critical, as price action tests a key demand zone that previously triggered significant upside.

Adding to the bullish sentiment, on-chain data from Santiment reveals that whales have accumulated over 80 million ADA in the past 48 hours. This surge in large-scale buying activity points to growing confidence among big players, potentially setting the stage for a breakout. Whales often lead major market moves, and their renewed interest in Cardano may be signaling a sustained rally ahead.

However, the $0.90 level now acts as a near-term resistance, and reclaiming it will be essential to unlock higher targets. The coming days are likely to be pivotal for ADA’s price structure. If bulls manage to flip this level, the next leg up could bring Cardano back into the spotlight—possibly reigniting broader altcoin enthusiasm in the process.

Whale Accumulation Signals Strength: Buyers Push For A Breakout

Despite this impressive rebound, ADA remains 43% below its December 2024 highs around $1.32. This gap highlights the cautious optimism that dominates the altcoin landscape. While bulls are gradually regaining control, overall market fear and macroeconomic uncertainty continue to pressure altcoins, many of which are still struggling to push through key resistance levels.

ADA is currently consolidating just above the $0.74 level, forming a base that could precede a breakout. Market structure is tightening, and the next move—upward or downward- will likely be sharp. A decisive push above $0.90 would confirm a breakout and likely trigger renewed interest from retail and institutional investors.

Fueling this narrative is fresh data from top analyst Ali Martinez, who reported that whales have purchased over 80 million ADA in the last 48 hours. This large-scale accumulation points to increasing confidence among big players and could act as a catalyst for further upside. Whale activity often precedes strong price action, and this development supports the idea that ADA may be on the verge of a significant move.

Cardano Whales bought over 80 million ADA in 48H | Source: Ali Martinez on X

As ADA consolidates near critical support and whale interest grows, market watchers are closely monitoring for signs of continuation. If bulls maintain momentum and break past resistance, Cardano could quickly shift from a consolidation phase to a full-scale rally, potentially reigniting momentum across the altcoin sector.

Cardano Holds Crucial Support As Bulls Aim For Recovery

Cardano is currently trading around $0.74, testing a key support zone after failing to hold above the $0.80 mark. The chart shows a strong surge earlier in May that brought ADA to local highs near $0.90, but since then, the price has retraced and is now consolidating just above its 200-day EMA (around $0.71). This level is acting as dynamic support and could be critical for the next move.

ADA consolidates above key moving average | Source: ADAUSDT chart on TradingView

 

The price structure suggests ADA is in a decisive phase. A breakdown below the EMA and the horizontal support around $0.72 could expose the token to a deeper retracement toward previous consolidation zones. On the other hand, reclaiming $0.80 would invalidate the bearish scenario and signal a potential push toward $0.90 and eventually $1.00—an area that marks strong historical resistance.

Volume has declined slightly during the recent pullback, suggesting the retracement may be driven more by profit-taking than panic selling. The 200 SMA above at $0.80 remains a key target to watch for bullish continuation.

If bulls can defend current levels and generate renewed buying momentum, ADA could resume its upward trend and break the current range, setting the stage for a retest of major resistance levels in the weeks ahead.

Featured image from Dall-E, chart from TradingView

Posted on

Cardano Whales Offload 180 Million ADA In 5 Days – Smart Profit-Taking?

Cardano is now entering a critical phase after enduring weeks of massive selling pressure and heightened market uncertainty. While the broader crypto market remains fragile due to rising macroeconomic tensions and geopolitical risks, ADA has managed to bounce back, gaining 25% from its early April lows. This recovery has sparked cautious optimism among bulls who believe momentum could continue if key resistance levels are reclaimed.

However, the rebound hasn’t gone unnoticed by larger players. According to on-chain data from Santiment, whales have taken advantage of the recent price upswing to offload more than 180 million ADA in just the past five days. This aggressive distribution suggests that while retail and mid-sized investors may be expecting a rally, some of the largest holders are opting to exit their positions.

The contrasting behavior between whales and smaller cohorts reflects the broader market’s uncertain state. With no resolution in sight to the ongoing trade conflict between the US and China, and fears of a global economic slowdown mounting, bullish conviction remains fragile. The coming days will be pivotal for Cardano, as price action and on-chain signals continue to diverge in a market desperate for clarity.

Cardano Whale Activity Sparks Debate Over Trend Direction

Cardano is now testing a critical demand zone that may determine whether the recent recovery is sustainable or simply a temporary pause in a larger downtrend. After a steady decline that began in early March, ADA is attempting to establish support as global macroeconomic tensions continue to pressure financial markets.

With investors growing increasingly risk-averse, many have chosen to offload both altcoins and Bitcoin to shield their portfolios from escalating volatility and negative sentiment surrounding trade conflicts, inflation, and regulatory uncertainty.

Despite these headwinds, some analysts believe a potential breakout could emerge once current economic pressures begin to ease. But recent whale behavior has raised concerns. According to top analyst Ali Martinez, whales took advantage of ADA’s recent price upswing by offloading over 180 million tokens in just the past five days. This move has sparked debate over whether whales are simply securing profits before further uncertainty—or signaling a deeper continuation of the downtrend.

Cardano whales offload over 180 million ADA in the past five days | Source: Ali Martinez on X

If Cardano manages to hold its current support levels and attract renewed buying interest, a short-term rally may still be in play. However, failure to defend this zone could confirm bearish continuation, pushing ADA into lower territory. With market sentiment split and high-stakes developments unfolding globally, ADA’s next move could set the tone for its performance throughout the quarter.

ADA Stalls Below Resistance As Bulls Face Critical Test

Cardano (ADA) is currently trading at $0.63 after several days of sideways movement and failed attempts to break above the $0.66 resistance zone. This level has capped recent upside momentum, signaling that bulls are struggling to gain control in the current environment of macroeconomic uncertainty and risk-off investor sentiment.

ADA testing crucial liquidity below the 200-day MA | Source: ADAUSDT chart on TradingView

To confirm a true bullish reversal and break the broader downtrend, ADA must reclaim the $0.75 level, which is aligned with the 200-day moving average. A decisive move above this mark would reestablish long-term strength and could open the door to a sustained recovery rally. Until then, ADA remains in a vulnerable position, caught between key resistance and fragile support.

On the downside, losing the $0.60 level could trigger another wave of selling pressure. Such a move would likely push the price back toward the $0.50 support zone, a level not seen since earlier this year. As global markets remain on edge amid geopolitical tensions and investor uncertainty, ADA’s next move will depend on whether bulls can generate enough momentum to flip key resistance or risk further downside if sellers take over.

Featured image from Dall-E, chart from TradingView 

Posted on

Can Cardano Reclaim $1? Analyst Says ADA Price Must Hold This Crucial Level

Cardano (ADA)’s price continues to move sideways, holding its range for the past 10 days, while online sentiment grows. Some analysts suggest that a retest of the local resistance could be near if the cryptocurrency holds its crucial support zone.

Cardano Holds Key Range

Cardano has retraced 40% from its two-month high of $1.17, dropping to the $0.7 range over the past few weeks. ADA climbed 80% on March 2 after US President Donald Trump announced a “Crypto Strategic Reserve,” including the cryptocurrency, which sent the token to monthly highs.

After its massive pump, the altcoin retraced to $0.9, holding this zone through the following days. However, the March 6 executive order establishing a Strategic Bitcoin Reserve and a “Digital Asset Stockpile” sent ADA below the crucial level.

At the time, the White House’s Crypto Czar, David Sacks, clarified that the ADA and the other altcoins named were just used as a reference for the top cryptocurrencies in the market.

Since then, Cardano has moved sideways, hovering between $0.68-$0.75. ADA dropped to $0.64 during the March 11 market crash before bouncing. Despite the ongoing price action, online sentiment has been positive towards ADA this week.

On Tuesday, on-chain analytics firm Santiment pointed out that Cardano saw a highly positive sentiment on social media. The bullish sentiment was fueled by the Securities and Exchange Commission (SEC) classification of ADA’s use case as “smart contracts for government services.”

The news “pushed bullishness to its highest rate in over 4 months,” the firm noted. Moreover, large-scale investors have also shown positive sentiment toward Cardano, with Whales purchasing around 190 million ADA tokens in the past 48 hours.

ADA Breakout Or Breakdown Next?

ADA has been in a downtrend since December 2024, when it hit its 3-year high of $1.32. The February market retraces sent the cryptocurrency’s price below several crucial support zones, with the token hovering between the $0.60-$0.80 price range.

Analyst Sjuul from AltCryptoGems noted ADA has “a weird-looking chart, mainly due to the announcement of the strategic reserve.” As a result, Cardano’s most crucial support level is at $0.66, as it could send it to monthly lows.

According to the analyst, “That level should hold; otherwise, all this recent price action will result in a distribution phase.” Previously, Sjuul affirmed Cardano’s chart displayed a Power of 3 in the making, signaling that the cryptocurrency was entering the third phase.

This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. In the last phase, a strong price breakout occurs, with momentum building in the direction opposite to the manipulation. Based on this, if ADA lost the $0.66 mark, the token could see a significant price correction.

Meanwhile, a pseudonym trader pointed out that the altcoin shows “a bullish reversal after breaking out of a falling wedge pattern.” Per the post, Cardano could enter a strong uptrend if it maintains its momentum.

Nonetheless, ADA must “hold the current support levels and break above the local resistance for confirmation of further bullish continuation” to the $1.22 target.

Analyst Ali Martinez noted that ADA trades within a right-angled descending wedge, with the upper trendline at $1.15. He suggested that a daily close above $1.15 would push ADA’s price to the $2 mark, not seen since 2021.

Cardano, ADA, ADAUSDT

Posted on

Whales Bought 420 Million Cardano After Trump’s U.S. Strategic Crypto Reserve Announcement – Insights

Cardano has seen massive volatility since last weekend after an explosive 80% price surge, fueled by President Trump’s announcement that ADA will be part of the U.S. Strategic Crypto Reserve. The news triggered a wave of buying activity, sending Cardano soaring as investors reacted to the unexpected endorsement.

However, the excitement was short-lived as ADA dropped over 35% in the following days, dragged down by a broader market meltdown. The sharp correction left traders questioning whether Cardano could sustain its momentum or if it would struggle alongside the rest of the crypto market.

Despite the recent pullback, analysts and investors remain bullish, believing ADA is well-positioned for future gains once market conditions improve. Many expect Cardano to outperform in the next rally, especially given the strong accumulation trends seen among major players.

On-chain data from Santiment reveals that whales accumulated over 420 million ADA following Trump’s announcement, indicating confidence in the asset’s long-term potential. This surge in whale activity suggests that institutional and high-net-worth investors are positioning themselves ahead of the next market move.

Cardano Prepares For A Historic Rally

Cardano is currently trading below crucial liquidity around $1 after days of massive volatility, struggling to maintain stability as selling pressure intensifies. Bulls are attempting to reclaim control, but the overall market remains uncertain, with extreme selling pressure keeping ADA from making a decisive move.

Despite the recent decline, analysts are still calling for a breakout, though sentiment remains divided. The broader crypto market is in a state of uncertainty, with investors cautious about the next major move. Until Cardano can establish strong support and break through key resistance, traders remain on edge.

However, on-chain data suggests growing optimism among major investors. Ali Martinez shared Santiment data on X, revealing that following President Trump’s announcement of the U.S. Strategic Crypto Reserve, whales accumulated over 420 million ADA. This signals confidence among high-net-worth investors who see long-term value in Cardano despite short-term volatility.

Cardano whales bought 420M ADA since Sunday | Source: Ali Martinez on X

Notably, this whale accumulation trend has been ongoing since late 2024, with large holders buying ADA whenever prices drop. This suggests that whales are strategically positioning themselves for future price action, expecting Cardano to perform well in the next market cycle.

The next few weeks will be crucial as market volatility intensifies. If bulls can reclaim key levels, ADA could see a strong recovery. However, failure to hold current support may lead to further downside pressure, aligning with the broader market’s struggles. Investors are now watching closely to see whether Cardano can withstand the turbulence and set up for its next major move.

Price Testing Crucial Resistance Level

Cardano (ADA) is currently trading at $0.95 after a period of massive price swings, surging from $0.65 to $1.17, only to drop back to $0.75 before rebounding to current levels. This extreme volatility has kept traders on edge as ADA struggles to establish a clear trend.

ADA trading below the $1 mark | Source: ADAUSDT Chart on TradingView

For bulls to regain control, reclaiming the $1 mark with conviction is crucial. A decisive breakout above this psychological level could signal a major rally, potentially pushing ADA beyond multi-year highs around $1.30. Such a move would reinforce bullish momentum and set the stage for further price expansion in the coming weeks.

However, holding above $0.75 remains essential to prevent further downside pressure. This level has acted as a key demand zone, supporting ADA through multiple retracements. A breakdown below $0.75 could trigger renewed selling pressure, extending losses and delaying any potential recovery.

With market volatility still high, traders are watching whether ADA can hold its ground and push higher. If bulls manage to flip $1 into support, the next leg up could come quickly. Otherwise, continued consolidation within this range may prolong uncertainty before the next major move.

Posted on

Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours

Cardano is at a pivotal moment, striving to hold the $1 mark as a key support level to sustain its upward momentum. The altcoin has experienced significant volatility in recent trading sessions, with a dramatic 15% drop followed by an impressive recovery of over 20% within just 24 hours. This rapid price action has brought renewed attention to ADA, as investors assess its potential for further gains.

Top analyst Ali Martinez has shared crucial insights, revealing that whales have accumulated 100 million Cardano (ADA) in the past 48 hours. This significant buying activity by large holders underscores growing confidence in ADA’s long-term potential and its ability to maintain its bullish trajectory.

Cardano’s attempts to establish stability above $1, a psychological and technical level that could act as a springboard for further rallies. Investors are closely watching this level, as holding it as support could signify a strong foundation for ADA to challenge higher resistance zones.

Cardano Finds Strength To Rise

After a recent sharp drop, Cardano (ADA) is showing resilience, finding the strength to rise and eyeing a push above last year’s high of $1.32. This recovery has sparked optimism among analysts and investors, many of whom are calling for a significant rally. Cardano is increasingly viewed as a strong contender to become a market leader, driven by its robust development ecosystem and expanding use cases.

Top analyst Ali Martinez has shared compelling data highlighting growing interest from smart money investors. Posting on X, Martinez revealed a chart showing that whales have accumulated 100 million ADA over the past 48 hours. This substantial purchase underscores confidence among large holders that current price levels present a valuable buying opportunity, setting the stage for further upward momentum.

Cardano whales buy 100 Million ADA | Source: Ali Martinez on X

This surge in whale activity aligns with broader expectations for Cardano to capitalize on its technological advantages and potential as a leader in the blockchain space. The cryptocurrency’s ability to attract significant capital from institutional and high-net-worth investors reinforces its potential to outperform in the coming months.

Cardano’s next challenge will be reclaiming key resistance at $1.32. Successfully breaking this level would likely trigger a substantial rally, potentially propelling ADA into a new bullish phase. The coming days will be pivotal in determining whether Cardano can sustain this momentum and fulfill its promise of becoming a market frontrunner.

ADA Bulls Eye Key Levels

Cardano (ADA) is currently trading at $1 after briefly reaching $1.05 earlier in the session. The price is consolidating and seeking support at the psychologically significant $1 level. If this key support holds, the next target for ADA is $1.15, a resistance level that could open the doors to further gains.

ADA trying to hold $1 | Source: ADAUSDT chart on TradingView

Market sentiment around ADA remains cautiously optimistic. As a result, holding the $1 mark would signal strong demand and set the stage for a potential surge as bullish momentum builds. A breakout above $1.15 could lead to an extended rally, potentially revisiting previous highs and entering a new bullish phase.

However, losing the $1 support would suggest that demand is faltering. In this scenario, ADA could see a drop to its next major support level around $0.91, putting additional pressure on bulls to regain control.

The coming days will be crucial for ADA as it tests its ability to sustain current levels. Therefore, traders and investors are closely watching for signs of strength or weakness that could dictate the altcoin’s short-term trajectory. Whether Cardano can maintain its footing above $1 will determine whether the recent recovery evolves into a sustained rally or another period of consolidation.

Featured image from Dall-E, chart from TradingView

Posted on

Metrics Reveal Cardano Whale Accumulation – Is ADA Poised For A Rally?

Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since early December, when it reached a multi-year high of $1.32. The retracement reflects broader market uncertainties and profit-taking by investors following its impressive rally. However, recent on-chain metrics point to an intriguing shift in market dynamics: a surge in whale accumulation.

Top analyst Ali Martinez highlighted key data revealing that major investors have purchased over 20 million ADA in the past 48 hours. This significant activity adds to an ongoing trend of large-scale accumulation by whales, signaling growing confidence in Cardano’s long-term potential.

The renewed interest from big players comes as Cardano continues to expand its ecosystem with robust development initiatives and partnerships. This accumulation phase could mark a turning point for ADA, as whale activity often precedes market recoveries and future price rallies.

While the market remains cautious, Cardano’s underlying metrics suggest resilience despite the recent downturn. Investors and analysts are now closely watching these developments to gauge whether this accumulation trend will help ADA regain momentum and climb back toward its previous highs. With whale interest intensifying, Cardano could be gearing up for a notable rebound in the coming weeks.

Cardano Whales Keep Buying

Cardano’s recent price correction has not deterred long-term investors, particularly whales, who seem to be seizing the opportunity to accumulate. This sharp uptick in accumulation suggests that large-scale investors are positioning themselves for a potential price breakout in the near future.

Cardano whales bought 20M ADA in 48H

Historically, significant whale activity has often preceded major market moves, and this case appears no different. The accumulation trend highlights growing confidence among influential players in Cardano’s ecosystem, even as the market has seen recent turbulence. Analysts speculate that whales could be anticipating upcoming developments or improvements within the Cardano blockchain that may fuel renewed interest and price growth.

This trend aligns with broader market dynamics, where smart money often takes advantage of suppressed prices to establish positions before momentum shifts. As a result, the activity of these large holders is being closely monitored by market participants who view it as a critical indicator of ADA’s potential direction.

While short-term fluctuations persist, the underlying metrics paint a bullish picture for Cardano. If whale accumulation continues, it could serve as a catalyst for ADA to reclaim key resistance levels and potentially break out of its prolonged correction phase. 

ADA Holding Key Levels

Cardano is currently trading above the $0.85 support level despite growing selling pressure in recent sessions. This key level has acted as a critical demand zone, preventing further declines and providing a foundation for potential recovery. However, ADA remains at a crossroads, as its next moves could set the tone for its price trajectory in the coming weeks.

ADA holding above $0.85

If Cardano can reclaim the psychologically significant $1 mark with conviction, analysts predict a strong rally could follow. Such a move would likely pave the way for ADA to challenge its yearly high at $1.32, set during its impressive run in early December. Breaking above this resistance could signal a broader market reversal and renew bullish momentum for the cryptocurrency.

However, risks still loom on the downside. Failure to hold current support levels could expose ADA to a deeper retracement, potentially revisiting lower demand zones around $0.75. This scenario would reflect increased bearish sentiment, highlighting the ongoing battle between bulls and bears.

Traders and investors are closely monitoring these levels, as they could define Cardano’s short-term market outlook. With whale accumulation trends and solid on-chain fundamentals providing support, ADA remains poised for significant volatility in the days ahead.

Featured image from Dall-E, chart from TradingView

Posted on

Cardano Whales Buy The Dip – Metrics Show Increasing Demand

Cardano (ADA) has captured investors’ attention after surging to multi-year highs at $1.15, marking an impressive 245% gain since November 5. This remarkable rally has solidified its position as one of the top-performing altcoins in the current market cycle. As the broader cryptocurrency market undergoes consolidation, Cardano continues to stand out with bullish momentum that could signal further upward movement in the coming days.

Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting a significant accumulation of ADA by whales. According to Martinez, large investors have been aggressively buying Cardano, particularly during the weekend’s price dip, a move that underscores growing confidence in the asset’s potential.

The next few days will be critical for ADA as it navigates a consolidating altcoin market poised for its next major move. Investors are closely watching Cardano’s ability to maintain its bullish structure and capitalize on the heightened interest from whales. Should the market turn favorable, ADA could set its sights on new highs, reinforcing its status as a key player in the altcoin space.

With whales accumulating and market conditions aligning, Cardano’s future remains one of the most exciting narratives in the crypto landscape.

Cardano Large Holders Accumulating

Cardano is showing strong signs of bullish momentum as large holders, commonly referred to as whales, increase their buying activity. According to data from blockchain analytics firm Santiment, these whales, defined as entities holding over 100 million ADA, accumulated more than 130 million tokens during the recent price dip. 

Top analyst Ali Martinez brought attention to these metrics on X, emphasizing the importance of whale activity in shaping ADA’s market trajectory. Martinez notes that this level of accumulation is a clear signal of confidence from large-scale investors, suggesting that the current rally still has room to grow. Cardano’s price, which recently hit a multi-year high of $1.15, could see continued surges as whales add buying pressure to the market.

Cardano Whales bought over 130 million ADA during the recent correction

Despite the bullish outlook, some analysts believe a retracement below the $1 mark could provide a healthier foundation for ADA’s next major move. Such a pullback would allow the market to consolidate and shake out weaker hands, creating stronger demand zones for the next rally.

With whales leading the charge and metrics indicating rising demand, Cardano’s bullish trend appears well-supported. The coming days will likely determine whether ADA can maintain its upward trajectory or if a temporary correction will pave the way for its next leg up. Investors are closely watching key levels, with optimism that Cardano will continue to outperform as the altcoin market remains in focus.

ADA Testing Liquidity Around $1

Cardano is trading at $0.99, marking a 24% retrace from its recent local highs of $1.15. Despite this dip, the price action suggests ADA is testing a crucial supply zone near the $1 mark, a key psychological and technical level. Reclaiming and holding above this level in the coming days would confirm the continuation of the broader bullish breakout, signaling renewed strength for Cardano.

ADA testing the $1 mark

If ADA successfully maintains support above $1, it could pave the way for a swift move back toward $1.15 and potentially beyond as the bullish trend regains momentum. This level is being closely monitored by traders and investors as a marker of resilience, with further upward price action expected if ADA demonstrates strength.

However, a temporary consolidation below $1 should not be seen as a bearish indicator. Instead, such a move could allow the market to establish stronger demand zones and provide a healthier base for ADA’s next rally. Consolidation phases are often vital in sustaining long-term price trends and shaking out weaker hands.

As the market evaluates these critical levels, ADA’s price trajectory will likely depend on whether it can break and hold above $1 or consolidate before the next major move.

Featured image from Dall-E, chart from TradingView

Posted on

Cardano Faces 30% Correction Risk After Drop In Large Holders’ Netflow – Details

Cardano (ADA) is currently trading near its yearly lows after months of underwhelming price action. Since early August, the price has struggled to hold above the crucial $0.36 level. This shift has left ADA in a precarious position, with investors and traders watching for signs of a potential recovery.

Data from IntoTheBlock highlights a significant drop in whale activity over the past month, raising concerns about further downside pressure. The decrease in large transactions suggests that major holders may be stepping back, adding to the likelihood of a deeper correction for the altcoin.

If ADA fails to break above the $0.36 resistance in the coming days, a 30% retrace to lower demand levels seems inevitable. Market participants are awaiting confirmation of either a breakout or further declines as the broader market remains uncertain. The next few days will be crucial for determining Cardano’s short-term direction.

Cardano Whales Leaving Early?

Cardano is at a crucial liquidity level, with on-chain metrics indicating a potential for further decline, especially given the significant decrease in whale activity. Recent data from IntoTheBlock highlights a concerning trend: ADA whales, or large investors, have increasingly sold their holdings over the past month. This trend is evident in the 100% fall in ADA’s large holders’ netflow, which refers to the balance between the amount of the coin these addresses buy and the amount they sell.

Cardano Large Holders Netflow.

Large holders are addresses with over 0.1% of Cardano’s circulating supply. When the flow declines, these investors sell more coins than they buy, signaling a potential loss of confidence in Cardano. This lack of confidence often trickles down to retail investors, leading them to sell their holdings.

The drop in ADA’s whale concentration over the past month confirms this selling activity, raising concerns about ‘Smart Money’ potentially exiting the Cardano ecosystem. If this trend continues, it could push ADA below its current liquidity level, resulting in a deeper correction.

Market participants are closely monitoring these developments, as the exit of large holders could signal a bearish sentiment that may lead to a significant price decline. As Cardano navigates this critical phase, investors will watch for signs of recovery or further weakness in the coming days.

Key Levels To Watch 

Cardano (ADA) is currently trading at $0.35 after experiencing days of choppy price action below the critical $0.36 resistance level. The price is 15% below the 1D 200 exponential moving average (EMA) at $0.40, a key area of resistance that bulls must overcome to reverse the prevailing downtrend. This crucial level was lost in April, and since then, ADA has failed to close above it four times.

ADA failing to break above the $0.36 resistance.

If the price continues to struggle, a deeper correction to fresh yearly lows at $0.25 could be in store. Such a move would represent a significant 30% retracement from current levels, further intensifying bearish sentiment in the market. Investors are aware of these critical price points, as a failure to reclaim the EMA and break through the $0.36 resistance may lead to increased selling pressure.

Traders will look for signs of strength or weakness in ADA’s price action to determine the likelihood of a potential breakout or a more profound decline in the coming days.

Featured image from Dall-E, chart from TradingView

Posted on

Shiba Inu, Cardano Seeing Explosive Whale Activity, Santiment Reveals

The on-chain analytics firm Santiment has revealed how Shiba Inu (SHIB) and Cardano (ADA) are among the altcoins seeing high whale activity recently.

Shiba Inu & Cardano Have Seen High Interest From Whales Recently

In a new post on X, Santiment has talked about how some altcoins have been seeing a high Whale Transaction Count recently. The “Whale Transaction Count” here refers to an indicator that keeps track of the number of transactions happening on any cryptocurrency network that are valued at $100,000 or more.

Generally, only the whale entities are capable of moving such a large amount of capital with single transfers, so transactions of this scale are associated to movements related to them.

When the value of the indicator is high, it means the whales are making a large number of moves on the network right now. Such a trend could imply these humongous investors have an active interest in trading the coin.

On the other hand, the metric being low could imply the big money investors may not be paying much attention to the asset currently as they aren’t making too many transactions.

Now, here is a chart that shows the trend in the Whale Transaction Count for three altcoins: Shiba Inu, Cardano, and JasmyCoin (JASMY).

Shiba Inu & Cardano Whale Transactions

As displayed in the above graph, all three of Shiba Inu, Cardano, and JasmyCoin have seen the metric spike for them recently. Naturally, this means that the whales are actively trading these assets right now.

As for what this could mean for the prices of these cryptocurrencies, a high whale transaction count can be a predictor for volatility. The indicator doesn’t contain any information about whether the transfers are tending towards buying or selling moves, though, so it can usually be hard to say about where exactly such volatility could take the asset.

Since the transfers have started, however, all three of these coins have seen some level of price appreciation, hinting that the whale activity so far may have been leaning towards accumulation after all.

The analytics firm also appears to believe that buying could be the goal behind these transactions. “The amount of $100K+ transactions on each of these networks have all more than doubled this week compared to usual 2024 averages, signaling accumulation,” notes Santiment.

Whatever the case be, if the high value of the Whale Transaction Count persists for Shiba Inu and company, it’s likely that their prices would continue to see some sort of fluctuations in the coming days.

SHIB Price

While JasmyCoin has seen a considerable amount of profits following the spike in whale interest, Shiba Inu has only been able to see a relatively minor surge. Following this latest rise, the SHIB price has so far been able to recover to $0.00002570.

Shiba Inu Price Chart

Posted on

Cardano Price In Turmoil: Can Whales Drive ADA’s Resurrection From Recent Dump?

The Cardano price has been facing a significant amount of bearish pressure over the past week, declining by more than 12%. This recent fall coincides with a broader crypto market downturn, with other major altcoins suffering huge losses over the past week.

Specifically, Cardano’s price decline has been largely linked to the recent sell-off of all ADA holdings by the Grayscale Digital Large Cap Fund (GDLC). On Thursday, April 4, the fund disclosed its decision to rebalance its portfolio by liquidating its Cardano assets (about 1.6% of the entire holdings).

Registering such a negative start to April after an underwhelming performance in March doesn’t do well to dispel the increasing concerns of investors. Moreover, the latest on-chain data suggests that the Cardano price might continue to succumb to the bearish pressure.

Analyst Predicts ADA Price Slump As Whale Activity Slows Down

Popular crypto pundit Ali Martinez has shared a post on X that Cardano whales have been making fewer moves in the market in recent days. This revelation is based on Santiment’s Whale Transaction Count metric, which tracks the number of ADA transactions worth more than $1 million.

Whales refer to entities or individuals that own significant amounts of a particular cryptocurrency (Cardano, in this case). They are often viewed as key players in the market, as their buying or selling activities can have a significant impact on the Cardano price, leading to speculation and potential market shifts.

According to Martinez, the on-chain data shows that there has been a noticeable dip in the activity of Cardano whales, suggesting a possible decline in significant ADA transactions. In an almost vertical move, the whale transaction count dropped from around 400 daily transactions at the beginning of last week to 200 daily transactions by Friday, April 5.

Cardano Price

The crypto analyst mentioned that the recent downturn in whale activity could be a signal for “further price consolidation” or an imminent decline in the Cardano price. A loss of substantial buying activity from large investors can cause the cryptocurrency to succumb to bearish pressure, especially from small traders looking to take some profit.

Indeed, the Cardano token has made a positive start to the year, reaching a high of $0.8 in early March. However, the altcoin has been on a downward trend since hitting the 2024 peak – collapsing under the pressure of Bitcoin’s price decline.

Cardano Price At A Glance

As of this writing, the Cardano price stands at around $0.577, reflecting a 1% decline in the past 24 hours.

Cardano Price

Featured image from iStock, chart from TradingView

Posted on

ADA In The Spotlight: Heavyweight Investors Pile Into Cardano, What’s Next?

Cardano (ADA) has recently caught the attention of large-scale investors, also known as ‘whales.’ Crypto analyst Ali, leveraging on-chain data, has observed a significant uptick in large ADA transactions, typically over $100,000, in the past three months.

Ali noted that this growing trend suggests a heightened interest from institutional players and high-net-worth individuals in ADA. The analyst further disclosed that such whale activities have often been precursors of imminent price movements.

Notably, while transactions can significantly impact a crypto’s market dynamics, when whales accumulate an asset, it often reduces circulating supply, creating potential upward pressure on prices.

Conversely, when they sell, it can result in a sudden increase in supply, leading to price drops. In ADA’s case, the recent whale activities have coincided with a positive price trajectory.

ADA Bullish Trajectory And Market Outlook

ADA’s market performance has mirrored the growing whale interest. In the last 24 hours alone, the crypto asset has experienced a 2.2% increase, and over 5% in the past week.

Cardano (ADA) price chart on Tradingview

Although ADA has seen some retracement from its recently achieved peak above the $0.41 mark, it currently maintains a steady position in the $0.40 zone. This bullish trend is further supported by a surge in ADA’s trading volume, which has doubled from $250 million to over $500 million in a week.

This increase in trading activity and price aligns with the predictions of another analyst, Dan Gambardello. Gambardello has identified bullish setups in Bitcoin, Ethereum, and ADA, projecting that ADA could climb to $0.45 in the short term, with a longer-term target of $0.80-$0.85.

The analyst attributes his optimistic forecast to the growth and resilience of the Cardano ecosystem, even amid the recent broader market’s bearish trends.

Recent data from DeFiLlama reveals a notable uptick in Cardano’s ecosystem, with its Total Value Locked (TVL) experiencing over 20% growth in the past month, currently standing at $275 million.

Cardano (ADA) total value locked (TVL).

Although this figure is below its March 2022 peak of over $300 million, the ecosystem’s approach toward this previous high point reflects its resilience, as indicated by Gambardello amid the recent bearish market sentiments.

Cardano’s Ecosystem: A Catalyst For Future Growth?

Gambardello’s enthusiasm for Cardano extends beyond its current market performance. The analyst believes that the Cardano ecosystem’s development during the bear cycle positions it for significant growth in the future.

Gambardello predicts that Cardano could soon account for 1% of the total crypto market capitalization. Such a milestone would be a testament to the asset’s ecosystem robustness and innovation, potentially leading to ADA’s substantial rise in the next bull run.

Notably, Gambardello isn’t the only analyst predicting a bullish future for ADA. In a recent post on X, Ali highlighted ADA’s presence in a crucial demand zone. The analyst pointed out that the price levels around $0.37 to $0.38 have seen substantial buying activity, with over 166,470 wallets acquiring ADA in this range.

Ali interprets this strong buying interest as an indication of a solid support level for ADA. According to his analysis, ADA is poised for an uptrend with little resistance ahead, potentially exceeding its yearly high of $0.4518.

Despite ADA recently surpassing and seemingly respecting these key demand zones, its price has only reached a peak of $0.41 so far, not quite breaching the $0.45 mark.

However, given the surge in whale activity and the bullish sentiment enveloping the global crypto market, reaching and possibly surpassing the yearly high remains a plausible outcome.

Featured image from Unsplash, Chart from TradingView